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ERP systems are credited with establishing new business models,especially between a business and suppliers.
Discount Period
The time interval between when a bill of exchange is issued and its payment date, during which the bill is sold at a discount from face value.
2/10, Net 30
A common credit term indicating that a buyer can take a 2% discount on the invoice price if payment is made within 10 days, otherwise, the full invoice amount is due in 30 days.
Accruals
Adjustments in accounting for income that has been generated but not yet documented, and for costs that have been accrued but not yet documented.
Working Capital Needs
The funds required to finance the day-to-day operations of a business, including managing its short-term assets and liabilities.
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